Tired of having to take care of everything? Stop it already!

You have a vital duty for your business and you can’t accomplish it if you are doing everything else.

Below are some examples of tasks that you should NOT be taking care of yourself.

Technical work

I’ve mentioned this before. In order to be most effective at building wealth for yourself and your company, you must allow your staff specifically hired for these tasks to do the technical work. [click to continue...]

Do you want to be paid the same amount every year for the rest of your life, doing the same amount of work every day? Of course not! That is why you went into business for yourself.

Yet there are plenty of business owners who look to fire their boss yet keep all of their same obligations and pay. Instead of seeking growth of profits, many business owners see only one benefit to owning their own business: not having a boss.

Many business owners fail to see the other benefits of entrepreneurship:

• Your business is a sellable asset
• Your business can bring you income and income growth
• You can structure your business so that you work less, not more

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How would you like to earn $600 per hour? How about $2,000? $10,000? Sound enticing? Well, if you know how valuable your time as a business owner could be, this shouldn’t sound that enticing at all.

Why? Firstly because this ties a specific, fixed value to your time. Granted, earning $10k per hour is a lot of money, allowing you to earn $20 million dollars a year if you work 40 hours per week, but it still requires you to actually be there, doing the work in order to make the money.

In order to earn money this way, you are required to work in order to maintain your current pay. I find the concept of working to grow your bottom line much more fascinating and much more worthwhile. [click to continue...]